Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4232 Northern Pike Monroeville, PA 15146

    • Office buildings
    • 0.90 lot acres
    For Lease
    View listing
    $17 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2258270
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • James John Lomeo / Attorney
    • Sunbelt Business Brokers / Business Management Consultant
    • Integrity Psychological Services / Psychologist
    • Dr. Heidi McKenzie / Psychologist / Counselor
    • Anchored Child & Family Counseling, LLC / Mental Health Service

    Property Details for 4232 Northern Pike

    Year built
    1979
    Lot size
    0.90 lot acres
    Property type
    Office buildings
    APN
    857-C-376
    APU
    857C376

    Description

    This exceptional 1,292 square foot office suite, located within the Commerce Building at 4232 Northern Pike in Monroeville, Pennsylvania, presents a fantastic opportunity. Situated in the Pittsburgh East submarket, specifically the Monroeville cluster, this single-tenant space is part of a larger three-story building totaling 24,000 square feet, constructed in 1975. The building boasts ample parking with 90 spaces available. The suite itself has been beautifully remodeled and offers a professional environment. Its convenient location provides easy access to major roadways including Parkway 376, Turnpike 76, and Business 22, ensuring seamless commutes for employees and clients. The property sits on 0.9 acres of land and is zoned BLVD within Allegheny County. Electric power services the building. This is an ideal space for businesses seeking a well-maintained, conveniently located office in a thriving area. The suite is immediately available. The building features traditional office space. This listing is for Suite 304 only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Monroeville
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.7566
    Latitude
    40.433
    CBSA code
    38300
    CBSA name
    PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $30,008
    $175,900
    $774,100
    $950,000
    -
    $175,900
    $774,100
    $950,000

    Comparable in this City

    • Value Estimation by Request
      2.99 Acres

      275 Ctr Rd

      OFFICE BUILDING • 2.99 Acres
      275 Ctr Rd, Monroeville, PA 15146-1451
      View Details
    • Value Estimation by Request
      0.56 Acres

      236 Ctr Rd

      OFFICE BUILDING • 0.56 Acres
      236 Ctr Rd, Monroeville, PA 15146-1750
      View Details
    • Value Estimation by Request
      0.34 Acres

      237 Ctr Rd

      OFFICE BUILDING • 0.34 Acres
      237 Ctr Rd, Monroeville, PA 15146-1709
      View Details
    • Value Estimation by Request
      0.99 Acres

      113 Fox Rd

      OFFICE BUILDING • 0.99 Acres
      113 Fox Rd, Monroeville, PA 15146-2705
      View Details
    • Value Estimation by Request
      0.22 Acres

      607 Laurel Dr

      OFFICE BUILDING • 0.22 Acres
      607 Laurel Dr, Monroeville, PA 15146-1137
      View Details
    • Value Estimation by Request
      0.24 Acres

      4106 Monroeville Blvd

      OFFICE BUILDING • 0.24 Acres
      4106 Monroeville Blvd, Monroeville, PA 15146-2618
      View Details

    Similar Nearby for Sale

    • $980,000
      8,582 SF

      Monroeville Office Building For Sale

      8,582 SF office building in Monroeville, Pennsylvania.
      2640 Pitcairn Rd, Monroeville, PA 15146
      View Details
    • $980,000

      Two-Level Brick Office Building

      Two-level brick office building in excellent condition, for sale or lease.
      2640 Pitcairn Rd, Monroeville, PA 15146
      View Details
    • $250,000

      Remodeled Monroeville Office Building For Sale

      Two-level, 2368 sq ft office building in Monroeville, PA.
      4372 Old William Penn Hwy, Monroeville, PA 15146
      View Details
    • $7,049,500
      138,420 SF

      Monroeville HQ Building For Sale

      Two-story, 140,000 SF regional HQ building with redevelopment potential.
      1740 Golden Mile Hwy, Monroeville, PA 15146
      View Details
    • Contact for pricing
      1.00 Acre

      Monroeville Office Suite - 1 Acre Lot

      Prime Monroeville office space, one-acre lot. Ideal for business expansion.
      4328 Northern Pike Ste.105, Monroeville, PA 15146
      View Details
    • $299,900
      2,300 SF

      Monroeville Office Space Available

      Office space for sale in Monroeville, Pennsylvania.
      4372 Old William Penn Hwy, Monroeville, PA 15146
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      66,130 SF

      Monroeville Medical Tower For Rent

      Medical tower in Monroeville, PA with ground level access.
      2550 Mosside Blvd, Monroeville, PA 15146
      View Details
    • Contact for pricing
      2,689 SF

      Monroeville Office Space Available

      2,689 SF office space for rent in Monroeville.
      50 Seco Rd, Monroeville, PA 15146
      View Details
    • $15 SF/Yr

      Adaptable Space in Prime Location

      Versatile space with waiting room, kitchen, and private bath.
      4328 Northern Pike, Monroeville, PA 15146
      View Details
    • $12 SF/Yr
      3,186 SF

      Monroeville Office Space Available

      Office space for lease in Monroeville, Pennsylvania, 3186 square feet.
      200 James Pl, Monroeville, PA 15146
      View Details
    • $13 SF/Yr
      1,400 SF

      Monroeville Office Space Available

      1400 square foot office space for rent in Monroeville.
      2520 Monroeville Blvd, Monroeville, PA 15146
      View Details
    • $22 SF/Yr
      2,435 SF

      Monroeville Office Space Available

      Office space available for lease in Monroeville, Pennsylvania.
      3824 Northern Pike, Monroeville, PA 15146
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4232 Northern Pike
    Monroeville, PA 15146
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.